Annual performance report by E O U

[Amresh kumar]

Sir/ madam,

In the Pre GST era an E O U had to file quarterly and yearly performance report with Excise division and SEEPZ. Since there was a concessional rate of duty and 50% of sale restrictions were there in DTA.

Now in GST regime there is neither concessional rate nor restrictions of 50% sale in DTA.

My view is then there is no need to file quarterly or annual performance report.

Your advice and consequences of not filling it.

Thanks & regards

Amresh Kumar

[YAGAY andSUN]

In our view you need to still submit these statutory returns. However, please seek clarification from your Jurisdictional Development Commissioner.

AI Summary

Performance reporting obligation for EOUs persists under GST; statutory returns must still be submitted to authorities. The filing obligation for EOUs is treated as surviving the transition to GST: statutory quarterly and annual performance reports should continue to be submitted, and EOUs should seek confirmation from their jurisdictional development commissioner regarding retention, format, and periodicity of these returns under current rules.